Panel Explores Impact of Dodd-Frank on Municipalities, Public Authorities

A panel of experts, including SEC and FINRA representatives, gathered at Albany Law School to discuss the Dodd-Frank Wall Street Reform and Consumer Protection Act and its impact on municipalities and public authorities.

The panel focused on heightened restrictions on public authority board members; municipal and state officials involved in the issuance of securities; bond counsel; underwriters; and other industry professionals. They also discussed ways in which the act could change over time and current budget challenges on municipal securities issuers.

Organized by the law school’s Government Law Center (GLC), “Public Authorities and Municipalities: The Implications of the Dodd-Frank Act on their Fiscal Operations” took place on April 15.

Associate Dean Patricia Salkin and Professor Christine Chung gave remarks prior to the panel, which was moderated by Scott Fein, a partner at Whiteman Osterman & Hanna and chair of the GLC’s Public Authorities Project.